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Registration number: 10821747

Deer Park Road Trading Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Deer Park Road Trading Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

5 to 7

 

Deer Park Road Trading Limited

Company Information

Directors

Mr L Scott

Mrs S Scott

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Deer Park Road Trading Limited
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Deer Park Road Trading Limited for the year ended 30 June 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Deer Park Road Trading Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Deer Park Road Trading Limited and state those matters that we have agreed to state to the Board of Directors of Deer Park Road Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deer Park Road Trading Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Deer Park Road Trading Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Deer Park Road Trading Limited. You consider that Deer Park Road Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Deer Park Road Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

7 March 2024

 

Deer Park Road Trading Limited

(Registration number: 10821747)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

18,365

21,781

Current assets

 

Stocks

5

138,791

26,184

Debtors

6

15,374

6,439

Cash at bank and in hand

 

39,746

5,430

 

193,911

38,053

Creditors: Amounts falling due within one year

7

(198,491)

(45,042)

Net current liabilities

 

(4,580)

(6,989)

Total assets less current liabilities

 

13,785

14,792

Creditors: Amounts falling due after more than one year

7

(19,912)

(29,925)

Net liabilities

 

(6,127)

(15,133)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(6,227)

(15,233)

Shareholders' deficit

 

(6,127)

(15,133)

 

Deer Park Road Trading Limited

(Registration number: 10821747)
Balance Sheet as at 30 June 2023

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 March 2024 and signed on its behalf by:
 

.........................................

Mr L Scott

Director

.........................................

Mrs S Scott

Director

 

Deer Park Road Trading Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The accounts have been prepared on a going concern basis as the directors will continue to provide financial support when necessary to the company. The directors have also reviewed the position for 12 months from the date the accounts were approved and in their opinion the company will reduce the balance sheet deficiency and will show positive results for the next financial period.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of building and labouring services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Deer Park Road Trading Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Office equipment

25% straight line

Motor vehicles

25% reducing balance

Stocks

Work in progress is stated at the lower of costs incurred, and estimated selling price less costs to complete and sell. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired the carrying amount is reduced to its selling price less costs to complete and sell, and the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2022

1,236

22,462

760

24,458

Additions

-

-

2,275

2,275

At 30 June 2023

1,236

22,462

3,035

26,733

Depreciation

At 1 July 2022

778

1,404

495

2,677

Charge for the year

169

5,265

257

5,691

At 30 June 2023

947

6,669

752

8,368

Carrying amount

At 30 June 2023

289

15,793

2,283

18,365

At 30 June 2022

458

21,058

265

21,781

5

Stocks

2023
£

2022
£

Work in progress

138,791

26,184

 

Deer Park Road Trading Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

6

Debtors

2023
£

2022
£

Trade debtors

-

432

Prepayments

3,614

534

Other debtors

11,760

5,473

15,374

6,439

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10,013

9,767

Trade creditors

 

13,331

248

Accruals and deferred income

 

2,444

2,037

Other creditors

 

172,703

32,990

 

198,491

45,042

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

19,912

29,925